(Reuters) - The House of Representatives voted on Tuesday to permanently bar U.S. states from taxing Internet access and replace a 17-year-old temporary ban that had been extended multiple times and was due to expire on Oct. 1.Read Full Article →

In a Revenue Procedure, IRS has issued updated procedures for issuing opinion and advisory letters regarding the acceptability of the form of pre-approved plans under Code Sec. 401, Code Sec. 403(a) and Code Sec. 4975(e)(7) . The changes include an expansion of the scope of the pre-approved program. IRS has also extended the deadline for submitting on-cycle applications for opinion and advisory letters for pre-approved defined benefit plans to Oct. 30, 2015.Read Full Article →

(Reuters) - U.S. President Barack Obama said on Monday that he was confident the Supreme Court would not rule against his healthcare law, describing it as an "easy case" that should never have been taken up by the court.Read Full Article →

(Reuters) - U.S. stock index futures were lower on Tuesday, following three straight days of losses on rising speculation that the Federal Reserve will raise rates as soon as September.Read Full Article →

The FASB released a proposal to simplify two narrow areas in the equity method of accounting.The proposal eliminates the basis difference related to equity investments and gets rid of a requirement to retroactively use the equity method if an investment qualifies for it because of an increase in the level of ownership.Read Full Article →

(Reuters) - General Electric Co has assembled an "exploratory team" to look at moving its headquarters out of Connecticut after lawmakers passed a budget that includes $1.2 billion in tax increases despite protests from some of the state's biggest corporations.Read Full Article →